ABC Corporation sold 1,200 units for the month at an average selling price of P5,000. Its target sales was 1,125 units at P5,200 each. How much is the total sales variance?

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Sales volume variance is determined by finding out the difference between the actual number of units…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Variance:- When there is a difference in the budgeted amount and what actually produces or occur is…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A:

Q: What would be the sales of D.S Corporation when expected profit for the month of December and Fixed…

A: Following is the answer to given question

Q: a. Using the least squares method, develop the equation for predicting weekly receiving report costs…

A: Variable cost: Variable cost is one of the component of total cost that variates with the change in…

Q: Nowlin Pipe & Steel has projected sales of 19,600 pipes this year, an ordering cost of $5 per order,…

A: The EOQ is the point at which the total costs of ordering and carrying inventory are at a minimum.…

Q: 4. The following monthly data are available for Salalah Company which produces only one product:…

A: Given; SP/ Unit = RO 30 Variable Cost/Unit = RO 15 Fixed Expenses = RO 50,000 Sold Units = 10,000…

Q: 1. This year’s total sales of Yui Inc. are P4,600,000. The following variances are determined: ·…

A:

Q: SDI Inc. expected to sell in October 2022 1,000 units of smartphones with a purchase cost per unit…

A: Introduction: If on actual selling of the products by the company, actual selling price per unit is…

Q: Munoz Educational Services had budgeted its training service charge at $69 per hour. The company…

A: Formula: Sales volume variance = ( Actual sales - Budgeted sales ) x Budgeted rate

Q: Calculate expected gross margin if Jan produces 50,000, 65,000, or 70,000 books. (Make sure you…

A: Gross margin is calculated by deducting the cost of goods sold from the total sales revenues.

Q: Holland Company is a garden products wholesale firm. In December, Holland Company expects to sell…

A: Variance analysis shows the differences between the actual and standard results and also shows the…

Q: Moon company has an average selling price of OMR 20 per unit and an average variable cost of OMR 13…

A: Operating income: It can be defined as the company’s aggregate profits after subtracting all the…

Q: Jordan Educational Services had budgeted its training service charge at $71 per hour. The company…

A: Sales volume variance shows difference in actual sales and budgeted sales at budgeted sales price.…

Q: Nowlin Pipe & Steel has projected sales of 6,400 pipes this year, an ordering cost of $5 per order,…

A: The conceptual formula used:

Q: 1. How much is the total sales variance? 2. How much is the sales price variance? 3. How much is…

A: 1. Total Sales Variance = Actual Sales - Target Sales 2. Sales Price Variance = (Actual Price -…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Since we are not given enough data, we have to make an assumption to proceed further. Let us assume…

Q: 1. The selling price of the sole product of Namor Inc. last year is P30 and the company earns a…

A: Hi student Since there are multiple questions, we will answer only first question.  Cost volume…

Q: The selling price of the sole product of Bulldogs Inc. last year is P30 and the company earns a per…

A: Selling Price per unit for the Last year = P30 Gross Profit per unit = P10 Cost per unit = P30-P10 =…

Q: Planned sales are 10,000 units at $7.00 per unit. Actual sales are 11,000 units at $6.50 per unit.…

A: Standard costs are estimates of the actual costs in a company’s production process Then, the…

Q: Komatsu company’s budget for sales was 1,000 of small size tractor for $1,200 per the tractor. The…

A: Sales Price Variance Sales activity variance is basically a measure of the change in total sales as…

Q: Dickinsen Company gathered the following data for December: Planned Actual Sales price per unit…

A: Revenue price Variance = (Actual price per unit - Planned price per unit) x Actual number of units…

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.